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Online banking and insurance drive ING

A strong showing in its online banking and general insurance businesses has pushed Dutch financial services group ING to a 30% growth in earnings for Q2.

Net profit for the second quarter hit E2.01 billion, the firm said in a statement.

Our efforts continue to show results, confirming the positive trend we have seen over recent quarters. The combination of improved returns and continued growth means ING has enhanced its earnings base, said Michel Tilmant, chairman of ING Group.

The strong results were achieved against a backdrop of challenging market circumstances, including turbulent equity markets, rising interest rates and flattening yield curves…Our growth engines continued to perform well, with strong growth at insurance Asia-Pacific and ING Direct, he added.